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company pays: We purchased an embroidery machine. The owner paid for the machine directly from the HELOC account. How do I set this up in Quickbooks to pay back the loan?

in the chart of accounts create the following fixed asset structure ( or whatever structure you prefer)

Fixed assets
>> sewing machine
>> >> cost
>> >> accumulated depreciation sewing machine

create a loan liability account named for the owner, short term if the loan will be repaid in less than one year

enter the transaction, […]

Resolution for 'company pays issue: 'We purchased an embroidery machine. The owner paid for the machine directly from the HELOC account. How do I set this up in Quickbooks to pay back the loan?' available: Yes.

The company pays issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the company pays issue yourself by looking for a resolution described in the article. If it is a complex company pays issue or you are unable to solve the issue, you may contact us by clicking here or by using other company pays support options.

For more information about resolving issues related to company pays in Quickbooks/QBO or to get support for the issue 'We purchased an embroidery machine. The owner paid for the machine directly from the HELOC account. How do I set this up in Quickbooks to pay back the loan?', click the link below:

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company pays: How Do I fix inter-mingling of monies?

owner?  If the two companies are both filing taxes as either a sole proprietor (schedule c) or a partnership (form 1065)

then you can use an equity transfer

company S payments to company T would be an owner equity draw in company S
and an owner equity investment in company T and the […]

Resolution for 'company pays issue: 'How Do I fix inter-mingling of monies?' available: Yes.

The company pays issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the company pays issue yourself by looking for a resolution described in the article. If it is a complex company pays issue or you are unable to solve the issue, you may contact us by clicking here or by using other company pays support options.

For more information about resolving issues related to company pays in Quickbooks/QBO or to get support for the issue 'How Do I fix inter-mingling of monies?', click the link below:

Details